Monday ended up being a relative non-event for the bond market. Trading was almost perfectly flat overnight. Big trades moved the whole pile right at the open and then again about 2 hours later. This effectively set the range for the rest of the day through the 3pm CME close. Tariff headlines had zero impact on bonds overnight, despite a token, fleeting impact on forex.
Market Movement Recap
10:17 AM
Flat overnight and slightly stronger now. MBS up 3 ticks (.09) and 10yr down 2.6bps at 4.466
12:59 PM
10yr down 0.2bps at 4.49, and MBS now back to unchanged.
03:15 PM
Treading water at weakest levels. MBS unchanged and 10yr up half a bp at 4.497
MBS Market Alerts
